BBQ Iguana

Risk management. Loss prevention.

[BBQ Iguana @bbqiguana]

At some point in a few months, probably around summer, $SPY has to pull back to $619. When that happens people are going to call it a market crash. It's not going to be a crash... just another retracement.

[BBQ Iguana @bbqiguana]

@heyhi_its_a_me @MrZincx Bingo

[BBQ Iguana @bbqiguana]

@investingluc This is excellent and relatable advice.

I see too many trade plans posted here where they began by spending the first 15 minutes deeply red and I think, “no wonder people have such a hard time!”

[BBQ Iguana @bbqiguana]

@princeFx1b Bingo!

This is what I did. When everyone else said “profitable traders make one trade a week,” I made 100 per day. Some months I burned more than 10 accounts in a month.

You can’t learn without experience. Fail early and often. Get the experience. Then start succeeding.

[BBQ Iguana @bbqiguana]

@richard_mill_ People do it all the time.

[BBQ Iguana @bbqiguana]

@rugal_fx One of the biggest lies is that you have to get used to losing.
It is entirely possibly to have a very high win rate.

[BBQ Iguana @bbqiguana]

@richard_mill_ If you know how to read FVGs and OBs, a very high success rate at 1:2.7R can be had.

If you don’t know how to read them, you’re just gambling on a lucky relationship between win rate and RR.

[BBQ Iguana @bbqiguana]

@mendatrades On a higher timeframe, that’s just a standard bounce after first entry in a FVG. Should be easy to spot.

[BBQ Iguana @bbqiguana]

@Macbuiltit @MarketMovesMatt Your 9-20-50 is building a cloud. That’s fine, it can work quite well.

Mine gives me a bit more bias confirmation and protection from chop.
Above both 200 and VWAP = bullish bias.
Below 200 and VWAP = bearish.
Between the two = chop.

Enter/exit crossing 24, when bias.

[BBQ Iguana @bbqiguana]

Here’s an example with $SPY - let’s see tomorrow if it does it.

[BBQ Iguana @bbqiguana]

Consolidation alternates between top/bottom of a zone formed by the bodies (ignoring wicks). At some point, an order block forms completely outside the range then price returns inside. Finally, a candle forms on one half and never crosses the middle. That’s the exit.

[BBQ Iguana @bbqiguana]

How do I pick these levels?

The market is actually talking to you. You just have to learn how to hear what it is saying.

https://t.co/vg03CZENg0

[BBQ Iguana @bbqiguana]

Consolidation alternates between top/bottom of a zone formed by the bodies (ignoring wicks). At some point, an order block forms completely outside the range then price returns inside. Finally, a candle forms on one half and never crosses the middle. That’s the exit.

[BBQ Iguana @bbqiguana]

This $SPY 751 target will be reached. Looks so ready that it may actually come overnight or in premarket.

New, tentative $SPY call target for tomorrow is 754.

[BBQ Iguana @bbqiguana]

Bullish short term $SPY target $751
Possibly today, more likely next week.

[BBQ Iguana @bbqiguana]

@CHATLOLL @AndrewTradesNQ The algorithm is fractal, meaning that all the same things happening at this scale are also happening *inside* of every candle! Once you understand that, you can see a single candle and actually know what that means to the larger narrative.

[BBQ Iguana @bbqiguana]

@CHATLOLL @AndrewTradesNQ At this scale, all you can see is that it’s taller than the candles to the left and right of it (and that is enough!), but if you zoom in to a smaller timeframe, you will inevitably find that it is a breaker block. Once it was passed, price was clear to rip.

[BBQ Iguana @bbqiguana]

@ResilienceFx Meanwhile, 𝕏 trader “gurus” will tell you to only take one trade per week…

[BBQ Iguana @bbqiguana]

I didn’t start this account with the intent of exposing how much lying and disinformation and nonsense is pushed by the 𝕏 trading community, but I guess that’s what it’s becoming.

[BBQ Iguana @bbqiguana]

@AndrewTradesNQ And exactly what does that have to do with this post?

[BBQ Iguana @bbqiguana]

@nypost I’d be perfectly okay with this from a random fan, but I see why a “trade group leader” should probably not be insulting possible trade partners, especially when there’s really not even a decent punchline!

[BBQ Iguana @bbqiguana]

@DenizTheTrader What are you journaling? Are you writing down the market structure? Drawing the past 30 candles? Time? Weather? Trump tweets? Correlated assets? Emotion? How well you slept? Blood/sugar levels?

You people are full of crap. Journaling is nonsense. Stop wasting your time.

[BBQ Iguana @bbqiguana]

@rushicrypto Problem: We’ve outsourced all real work, so the only thing produced domestically today is healthcare.

Solution: Repatriate production so there are real jobs. Then you can fix healthcare without crashing the entire economy.

It’s coming.